Lecture_Slides_09-21-11

Lecture_Slides_09-21-11 - ITM 309 Strategic Decision Making...

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11/21/11 1 ITM 309 Strategic Decision Making Dr. Frederick Rodammer Michigan State University Eli Broad College of Business Rodammer@bus.msu.edu September 21, 2011
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11/21/11 2 Today’s Learning Objectives Explain the importance of decision making at each of the three primary organization levels Explain the different operational, managerial, and strategic support systems Describe artificial intelligence and identify its five main types
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11/21/11 3 DECISION MAKING Reasons for the growth of decision-making information systems People need to analyze large amounts of information People must make decisions quickly People must apply sophisticated analysis techniques, such as modeling and forecasting, to make good decisions People must protect the corporate asset of organizational information
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MAKING BUSINESS DECISIONS Managerial decision-making challenges Analyze large amounts of information Apply sophisticated analysis techniques Make decisions quickly
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THE DECISION-MAKING PROCESS The six-step decision-making process 1. Problem identification 2. Data collection 3. Solution generation 4. Solution test 5. Solution selection 6. Solution implementation
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DECISION-MAKING ESSENTIALS Decision-making and problem- solving occur at each level in an organization
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This note was uploaded on 11/21/2011 for the course ITM 309 taught by Professor Rodammer during the Fall '08 term at Michigan State University.

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Lecture_Slides_09-21-11 - ITM 309 Strategic Decision Making...

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